Marco Santarelli

DECEMBER 29, 2024

Mortgage News This Week In the week ending December 22, 2024, there has been a notable increase in mortgage rates, pushing 30-year fixed-rate loans to an average of 6.91%. This upward trend in rates can be attributed to renewed investor interest and adjustments in long-term bond yields, which are closely linked to mortgage rates.

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Mortgages Fixed-rate mortgage Loans Closing costs 52

Realty Biz

FEBRUARY 19, 2024

Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land. Brian Davis, a real estate investor and owner of Spark Rental , weighed in with the following advice. If traditional loans are unattainable, explore alternatives like seller financing, personal loans, or partnering with investors.

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Land Due diligence Title search Finance 128

HomeLight

OCTOBER 30, 2020

Maybe you aren’t using a loan, but you can still run into cash flow issues. Financing and appraisal contingencies give the buyer an out if their lender determines that it will not finance the property, based either on the loan underwriting or the results of the appraisal. The title isn’t clear. Source: (dc_slim / ShutterStock).

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Closing Inspection contingency Title search Purchase and sale agreement 116

Marco Santarelli

DECEMBER 22, 2020

Real estate or mortgage note investing is owning real estate without property management or without becoming a landlord where the homeowner pays the investor instead of the bank. A real estate mortgage note is a promissory note secured by a mortgage loan. Therefore, the loan amount would be $120,000.

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Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Point2Homes

OCTOBER 21, 2020

Even if you’re already aware of a mortgage lien, it’s always best to conduct a title search on your property prior to the sale, to make sure that there aren’t some you might have missed, such as HOA liens, sidewalk liens, and even just parking violations. The Buyer Can Try to Negotiate a Lower Price.

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Title search Title Investor Sales 89

HomeLight

AUGUST 31, 2021

Fast-forward to closing: Without a lender’s involvement, there will be no lender-ordered appraisal or loan processing period, which as of June 2021 averaged 51 days , according to a report from Ice Mortgage Technologies. You’ll still have official steps to complete and hiccups like a title defect can still arise.

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Proof of funds Investor Due diligence Title 144

HomeLight

JULY 11, 2023

Nine times out of 10 the lien can be paid off through the sale,” says Richie Helali, Mortgage Sales Lead at HomeLight Home Loans. Sometimes the easiest way to sell a house with a lien is to get a cash offer from an investor who is familiar with the process of resolving the title issue and can walk you through it. But don’t fret.

Title 122

Title Title search Equity Construction 122

HomeLight

NOVEMBER 9, 2021

Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees. When buyers purchase a home using a mortgage, they’ll incur costs related to originating and processing that loan. credit report.

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Closing costs Closing Title Title search 110

Rochester Real Estate

NOVEMBER 5, 2015

Title Search and Examination Before completing a real estate transaction, verifying the property’s title is crucial to ensure it is free from any liens, encumbrances, or disputes. Real estate lawyers conduct thorough title searches to uncover property ownership rights issues.

Purchase and sale agreement 52

Purchase and sale agreement Due diligence Title search Title 52

HomeLight

JULY 31, 2022

Once you’ve zeroed in on a few different lenders, apply for preapproval or prequalification with each and compare the loans they are offering to see what works best for your situation. This is where you’ll make your offer on the price of the home along with how you’ll pay it — cash, a mortgage loan, or seller financing. Purchase price.

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Earnest money deposit Agents Purchase and sale agreement Title 110

HomeLight

JULY 31, 2021

With the help of a local real estate agent and some seasoned San Antonio real estate investors, we created this guide to give you a head-start to finding a San Antonio cash buyer for your home. Affordable housing sparks investor activity in San Antonio. Affordable housing sparks investor activity in San Antonio.

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Investor Title Sales Due diligence 111

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. But Orlando’s cooling real estate climate with interest rates that nearly doubled since last year has taken its toll on investor activity. “In

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Sales Investor Due diligence Renovation 98

HomeLight

NOVEMBER 1, 2021

A growing population and economy has made Arizona a magnet for newcomers and deep-pocketed investors, but whether you’re selling in Tempe or Tucson, there are some closing expenses you can’t avoid. Varies by loan amount. Loan Reconveyance Fee. $50 Title Guarantee. $75-$200 Loan reconveyance fee. Closing Cost.

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Closing costs Closing Title Title search 102

HomeLight

SEPTEMBER 16, 2021

“A lot of sellers think selling a house ‘for cash’ means the buyer is going to show up with a briefcase full of money for them, but that’s not the case,” says Lucas Machado, a real estate investor and owner of House Heroes, LLC. “A Many agents are active in their local investor community and have an inside track to finding cash buyers.

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Title Inspection Proof of funds Investor 105

HomeLight

APRIL 15, 2022

iBuyers tend to offer much closer to market value than other types of investors and flippers, but they also charge a service fee and are limited in the types of homes they will buy. Before even starting to shop, take the time to figure out what you can afford and get preapproved for a home loan. What does iBuyer stand for?

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Title House Flipping Title search Sales 109

HomeLight

FEBRUARY 14, 2022

One investor I work with works solely in the rent-to-own arena, because they have it as their mission to supply good and fair housing to people who don’t have the means to purchase right now,” says Labus. Her investor client believes that everyone deserves to live in a place they can be proud of and be treated with dignity.

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Purchase and sale agreement Due diligence Finance Equity 109

HomeLight

SEPTEMBER 21, 2020

To find out whether one has been filed on your property, you can do a free search at the county clerk or recorder’s office, either online or in-person. Another option is to contact a title company and request that they run a title search on the property, or ask your real estate agent for guidance.

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Title Banks Investor Title search 105

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

JULY 31, 2021

The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” Your buyer could be an investor who plans to turn your home into a rental, an iBuyer (instant buyer) that provides quick offers online, or a house flipper who plans to remodel and resell the property for a profit.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

AUGUST 16, 2021

Given the various types of mortgages that are available, the auction process may differ depending on whether the loan on the house up for auction was government-backed or a conventional loan. just make sure you’re definitely good for the loan and that it fits with the terms of the auction.”. “If Buy title insurance.

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Title Due diligence Finance Inspection 111

Point2Homes

JUNE 23, 2021

Distressed properties can be a very attractive option for both homebuyers and investors. Before a property becomes an REO, it goes through several stages: Payment default: the owner of the property fails to make a payment on their mortgage loan. Image: Pla2na / Shutterstock.com. Are REOs Worth It?

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Pre-approval Banks Title search Inspection 71

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? Therefore, knowing market conditions and regulations surrounding short sales is essential for real estate investors and agents. Inspect the property’s condition, title, and existing liens or encumbrances.

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Short sale Sales Due diligence Purchase and sale agreement 52

Marco Santarelli

AUGUST 16, 2024

But the road to property ownership is often paved with the daunting reality of high prices, especially for aspiring investors with limited capital. Fear not, intrepid investor! Explore financing options: Research mortgages, hard money loans, and private lending options. Shop around for competitive interest rates and loan terms.

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Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

JULY 28, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. These investors rehab properties, sometimes selling to new owners, or sometimes leasing to new families who wish to rent.

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Closing costs Purchase and sale agreement Closing Investor 97

HomeLight

OCTOBER 5, 2020

When a home goes up for auction, there’s usually at least one financial claim on the house, usually by the lender who’s been trying to collect on the home loan. A home equity loan or line of credit. Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home.

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Due diligence Earnest money deposit Banks Inspection 72

HomeLight

JULY 28, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. With staff who are experienced real estate investors, Closing costs: Sellers pay no closing costs; Covenant Home Buyers covers them.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

JANUARY 24, 2023

Closing costs: Sellers do not have to pay any fees to Five Hills Investors for their services, although they may be required to pay closing costs. In some cases, Five Hills Investors, LLC covers them — but this is not guaranteed. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold.

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Purchase and sale agreement Closing costs Closing Investor 97

HomeLight

DECEMBER 2, 2022

Investors are also very active in the Gainesville market and may find themselves in need of an influx of quick cash to manage other properties. He currently buys and sells about 20 properties per year, working with a wide variety of sellers, from local investors to out-of-state owners who are selling property inherited from their parents.

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Purchase and sale agreement Closing costs Closing Investor 98

HomeLight

FEBRUARY 16, 2023

While sweeping floors at first wasn’t as glamorous as HGTV shows, Matt learned the business and is now an investor, real estate broker, and house flipper. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. The company has 4.6

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Purchase and sale agreement Closing costs Closing Investor 98

Marco Santarelli

DECEMBER 20, 2020

Most newbie investors are perplexed with the question of how to find investment properties for sale? This may be to the general public, but these properties are regularly sold to investors. Real estate investors looking for multi-family properties are rarely going to find this in the newspaper or the digital equivalent.

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Sales MLS Renovation Investor 80

HomeLight

DECEMBER 30, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. After a brief inspection and title search, the company presents its findings to the seller. The company has 4.6

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Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

NOVEMBER 10, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. After a brief inspection and title search, the company presents its findings to the seller. stars out of 5. 7 to 30 days.

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Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

JULY 28, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. That includes an average of 30 days on the market, plus the typical 54 days a buyer needs to close on a purchase loan.

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Closing costs Purchase and sale agreement Residential Closing 104

HomeLight

MAY 3, 2023

Title fees (0.5%-1%) 1%) Title fees go toward covering insurance policies that offer protection to both the lender and buyer if a costly title issue crops up with a home after it’s purchased. Fannie Mae guidelines cap seller concessions — also called “interested party contributions“ — for conventional loans.

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Seller concession Purchase and sale agreement Inspection Title 111

HomeLight

AUGUST 24, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. Once the deal is closed, they work with investors to either resell or rent the property. Title search. 7 to 30 days.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

JULY 28, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. That includes an average of 16 days on the market , plus the typical 49 days a buyer needs to close on a purchase loan.

Closing costs 96

Closing costs Purchase and sale agreement Closing Staging 96

HomeLight

DECEMBER 8, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. They work with local homebuyers and investors who are familiar with the Modesto housing market. Selling timeline. 7 to 30 days.

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Purchase and sale agreement Closing costs Closing Sales 105